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Perhaps if you create enough hype about your idea and make it as narrow or as specific as possible so as to generate the all-important targeted traffic then perhaps you got a winner right there.
I agree with Mrmean that you need some sort of content to make it worthwhile watching.
This is because if it is only ad-based then in the long run there will be little room for expansion. (In my opinion, at least) . Sure, it could be a novelty like the guy who sold a million pixels, but history confirms that novelties do not last.
Besides, all your customers are getting is mostly untargeted traffic, mainly people who just click on the ad for fun.
Sooner or later, they would decide that investing in ads in that site isn't worthwhile.
This is just my observations on it. Hope it helps you in any sort of way!
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